Paychex (Paychex) Days Inventory

Paychex Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Days Inventory							-	-	-	-	-

Paychex Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory																-	-	-	-	-

For the Staffing & Employment Services subindustry, Paychex's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

For the Business Services industry and Industrials sector, Paychex's Days Inventory distribution charts can be found below:

* The bar in red indicates where Paychex's Days Inventory falls into.

Paychex Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Paychex's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

Paychex's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Paychex  (NAS:PAYX) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Paychex's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Paychex's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Paychex Days Inventory Related Terms

Thank you for viewing the detailed overview of Paychex's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Paychex (Paychex) Business Description